Apr 18, 2013 4:00pm EDT
going forward. noticing that the effective tax rate that google's reporting is actually 8%. that compares with 18%, both last quarter and in the same quarter a year ago. so you've got to wonder how much that low tax rate affected their profitability and eps in that quarter. >> indeed. all right, thank you, all. an important earnings report period just now and wouldn't you know, it's the fast food company that is the only one that beat on the top line, of all three. and it's up 7.5% right now. thank you. >>> coming up, just three days of the tax deadline comes news of a b involving current and former irsit uil you hea wh they did, michelle. >> oh, i'll be shocked. >>> also, we're going to speak exclusively to bb&t ceo about his company's earnings and his bank's trouble with stress tests. >> that and much more coming up on the "closing bell." you are watching cnbc, first in business worldwide. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who'
Apr 22, 2013 4:00pm EDT
talk to in the medical device field is worried about the affordable care act, the tax on medical device makers. how significant is that in your view? >> i think there's a couple ways. first of all, the fact that more patients are going to get access we think is a good thing. it's unacceptable that patients are either uninsured or underinsure. tax, yes, it has an impact. we've got to make sure it's done in a responsible and reasonable way. overall we're convinced that it's going to continue to be about innovation, about strong customer partnerships. and really when you think about now, our medical device business, particularly our orthopedics business, our size and scale, the growth opportunities here and very much so in emerging markets. so, for example, all surgery is really just about trauma surgery in emerging markets. it's not as planned. as a result what we're seeing is significantly better growth rates in some of those places. >> i love that emerging markets part of the story. because you just look at the growth numbers and you figure out what the story is. but are you going to ha
Apr 17, 2013 4:00pm EDT
american express is probably getting hit on here is what's happening with tax rates, happened in the first quarter of this year, and the other issue that's really occurring is i think businesses are still holding back on spending. significant percentage of their revenue comes from businesses. and you know, on the long-term, also, we have to be very, very aware, american express, on the long-term, is going to -- >> they're having a fire drill here at the new york stock exchange. >> it was scheduled. >> pre-scheduled, exactly. it was scheduled already. so ignore the noise here happening around me. >> okay. >> very quickly, i want to get to bruce mccain as well, michael. finish your thought. >> my thought was, you have to be careful about companies like paypal, all these other very inexpensive swaywaways to colle money, it will be a hit on american express margins, eventually. >> bruce mccain, do you want to buy on these dips we've been seeing, or is it time to start taking money off the table at these levels? >> i think you need to wait a little bit. part of it is, there's still excessively